Group 1 - MPLX LP has made its 2024 Schedule K-3 investor tax packages available on its website for investors with international tax relevance [1][2] - The Schedule K-3 is particularly relevant for foreign unitholders and those computing foreign tax credits [2] - MPLX will not mail K-3 tax packages to investors, but electronic copies can be requested via phone [3] Group 2 - MPLX LP is a large-cap master limited partnership that operates midstream energy infrastructure and logistics assets, including pipelines and storage facilities [4] - The company has completed the acquisition of Northwind Delaware Holdings LLC for $2.375 billion, enhancing its sour gas capabilities [7] Group 3 - MPLX LP is scheduled to report its third-quarter financial results on November 4, 2025, with a conference call planned for the same day [6]

🎯 Performance Highlights:Top gainers:🔹 BUZZ (+132.36%)🔹 JELLYJELLY (+66.84%)🔹 LAUNCHCOIN (+45.49%)🔹 WILD (+42.45%)🔹 MPLX (+34.69%)5/6 https://t.co/sNHvXlBrPY ...

Core Insights - MPLX LP will host a conference call on November 4, 2025, at 9:30 a.m. EST to discuss its third-quarter financial results for 2025 [1] - Interested parties can access the conference call via MPLX's website, where a replay will be available for two weeks [2] Company Overview - MPLX LP is a diversified, large-cap master limited partnership that operates midstream energy infrastructure and logistics assets, providing fuels distribution services [3] - The company's assets include a network of crude oil and refined product pipelines, inland marine business, light-product terminals, storage caverns, refinery tanks, and marine terminals [3] - MPLX also owns crude oil and natural gas gathering systems, pipelines, and processing facilities in key U.S. supply basins [3] Recent Developments - MPLX has completed the $2.375 billion acquisition of Northwind Delaware Holdings LLC, enhancing its capabilities in sour gas processing [4] - The company announced a definitive agreement to divest its Rockies gathering and processing assets to a subsidiary [5]

Core Viewpoint - MPLX LP has completed a $2.375 billion acquisition of Northwind Delaware Holdings LLC, enhancing its natural gas and NGL value chains in the Permian Basin [1][2]. Financial Summary - The acquisition is expected to be immediately accretive to distributable cash flow and involves an estimated incremental capital of $500 million, representing a 7x multiple on forecast 2027 EBITDA and an estimated mid-teen unlevered return [2]. - The acquisition was financed through net proceeds from MPLX's $4.5 billion senior notes issued in August 2025 [2]. Operational Details - The acquired business complements MPLX's existing Delaware basin natural gas system, consisting of over 200,000 dedicated acres, 200+ miles of gathering pipelines, and two in-service acid gas injection wells with a capacity of 20 million cubic feet per day (MMcf/d), with a third well permitted to increase total capacity to 37 MMcf/d [3]. - The system currently has a sour gas treating capacity of 150 MMcf/d, with expansion projects expected to increase this capacity to 440 MMcf/d by the second half of 2026 [3]. - The system is supported by minimum volume commitments from top regional producers [3]. Company Overview - MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, including crude oil and refined product pipelines, storage caverns, and natural gas processing facilities [4].

Core Viewpoint - MPLX LP has announced the sale of its Rockies gathering and processing assets for $1 billion in cash to Harvest Midstream, allowing MPLX to focus on its core business areas in the Marcellus and Permian basins [1][4][8] Asset Details - The transaction includes MPLX's natural gas gathering and processing infrastructure in the Uinta and Green River basins, consisting of gathering and transportation pipelines, and a processing capacity of 1.2 billion cubic feet per day [2][8] - The assets were utilized at 52% capacity in 2024, indicating potential for increased throughput and supporting future natural gas production growth in these basins [2] Specific Asset Information - Uinta Basin assets include gas-gathering pipelines spanning 700 miles and approximately 345 million cubic feet per day of active gas processing capacity, currently under expansion [3] - Green River Basin assets consist of gathering and transportation pipelines spanning 800 miles, with 500 million cubic feet per day of active gas processing capacity at the Blacks Fork and Vermilion facilities, along with an additional fractionation capacity of 10 thousand barrels per day [3] Strategic Implications - By divesting these non-core assets, MPLX aims to enhance its portfolio and position itself for sustainable growth, with the deal expected to conclude in the fourth quarter of 2025 [4] - For Harvest Midstream, the acquisition aligns with its strategy to build a reliable midstream network and diversify operations beyond Alaska and North Dakota [4]

Core Viewpoint - Harvest Midstream has signed a purchase and sale agreement with MPLX LP to acquire a natural gas gathering and processing network for $1 billion, marking a significant step in its growth strategy [1][2]. Company Overview - Harvest Midstream is a Houston-based privately held midstream service provider focused on gathering, storage, transportation, treatment, and terminalling of crude oil and natural gas [3]. - The company has been expanding its national footprint through strategic acquisitions, enhancing its position as a critical infrastructure partner across multiple U.S. basins [3]. Acquisition Details - The acquisition includes assets in the Uinta and Green River basins across Wyoming, Utah, and Colorado, which will significantly expand Harvest's geographic reach [1][2]. - Uinta Basin assets consist of approximately 700 miles of gas gathering pipelines and 345 million cubic feet per day of active gas processing capacity [2]. - Green River Basin assets include around 800 miles of gas gathering and transportation pipelines and 500 million cubic feet per day of active gas processing capacity, along with 10,000 barrels per day of fractionator capacity [2]. Strategic Vision - The CEO of Harvest Midstream emphasized that this acquisition is part of a long-term vision to build a resilient midstream network to support America's energy needs [2]. - Following the acquisition, Harvest will assume full operational control and aims to deliver uninterrupted service while advancing its goal of creating a best-in-class, diversified midstream enterprise [3].

Core Viewpoint - MPLX LP has announced a definitive agreement to divest its Rockies gathering and processing assets to Harvest Midstream for $1.0 billion in cash, which is expected to enhance its portfolio for growth in key basins [1][2]. Group 1: Transaction Details - The divestiture involves natural gas gathering and transportation pipelines along with 1.2 billion cubic feet per day of processing capacity, which operated at 52% in 2024 [2]. - The transaction is anticipated to close in the fourth quarter of 2025, pending customary closing conditions including regulatory clearance [3]. Group 2: Strategic Positioning - The divestiture is part of a strategic commitment to evaluate the competitive positioning of MPLX's portfolio, focusing on growth anchored in the Marcellus and Permian basins [2]. - Harvest Midstream has agreed to dedicate approximately 12 thousand barrels per day of NGLs from the divested assets to MPLX for seven years starting in 2028 [1][2]. Group 3: Company Background - MPLX LP is a diversified, large-cap master limited partnership that operates midstream energy infrastructure and logistics assets, including a network of crude oil and refined product pipelines [4]. - Harvest Midstream is a privately held midstream service provider based in Houston, TX, operating various crude oil and natural gas gathering and transportation assets across the U.S. [5].

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Core Viewpoint - MPLX LP has elected Ray N. Walker, Jr. to its board of directors, enhancing its leadership with his extensive experience in the oil and gas industry, particularly in the Marcellus and Utica basins [1][2]. Group 1: Leadership and Experience - Ray N. Walker, Jr. is recognized as a highly respected executive in the oil and gas sector, bringing significant operational and technical expertise to MPLX as it advances its natural gas and natural gas liquids growth strategy [2]. - Walker previously served as the Chief Operating Officer of Encino Energy until its acquisition by EOG Resources and held various roles at Range Resources Corporation, including Senior Vice President for the Marcellus Shale division [2]. - Christopher A. Helms, the lead director, emphasized that Walker's experience and strategic insights align well with MPLX's objectives [3]. Group 2: Company Overview - MPLX LP is a diversified, large-cap master limited partnership that operates midstream energy infrastructure and logistics assets, providing fuels distribution services [4]. - The company's assets include a network of crude oil and refined product pipelines, an inland marine business, light-product terminals, storage caverns, and processing facilities in key U.S. supply basins [4].

Group 1 - The Retirement Forum offers actionable ideas, a high-yield safe retirement portfolio, and macroeconomic outlooks to help maximize capital and income [1] - The Value Portfolio focuses on building retirement portfolios using a fact-based research strategy, which includes extensive analysis of 10Ks, analyst commentary, market reports, and investor presentations [2] Group 2 - The analyst has a beneficial long position in MPLX shares through stock ownership, options, or other derivatives, indicating a personal investment interest [3]